Exam 13: Operations Management

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________ is a quantitative tool to aid in making decisions concerning how well a process is performing.

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Which of the following is true of firms that implement a MRP system?

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The ________ allows a company to capture the highest economies of scale.

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Total quality management (TQM)requires the use of a separate team of experts to inspect products or services for defects or errors after completion.

(True/False)
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Hot Oven Bakery has an order for 1000 boxes of chocolate chip cookies from Shoprite supermarkets.They also have an order for 300 boxes of gingersnaps.Which of the production processes is Hot Oven Bakery most likely to follow?

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A JIT system works best for organizations that make customized,one-of-a-kind products or services.

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Dr.Magorium's Toy Co.managers hold a meeting every July to decide on the Christmas season offerings to be made that year in order to make good revenues for the organization.Which of the following scenarios best parallels this?

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Retail managers can use ________ to determine which inventory items require the most attention.

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Total quality management (TQM)encompasses a commitment from employees at all levels to continually strive to make improvements and satisfy customers.

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________ refers to the process of designing products to maximize their functionality and ease of production and to minimize their associated costs.

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Compare and contrast the following methods of monitoring the progress of projects: Gantt charts,program evaluation and review technique (PERT),and the critical path method (CPM).

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________ occur when a firm gets more experienced at making a product and develops greater insight about how to do the task more efficiently.

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Production of Sliver's latest small car,the Beetle,has been a dramatic improvement compared to its previous product,Quiver.The production target of 2,000 Beetle cars per day has been reached only within 10 weeks since the launch date,which was less than the time they needed for Quiver.Which of the following,if true,would suggest that Sliver adopted a JIT strategy for the Beetle?

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Scott Refinery,based in Washington,processes approximately three hundred thousand barrels of crude oil a day.Which production process does it follow?

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________ is a specialized field of management associated with the conversion or transformation of resources into products and services.

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What is a "reverse supply chain"?

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The term ________ refers to the incremental and breakthrough improvements in the way an organization does business.

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Capacity planning for operations managers is a routine activity with little risk.

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Discuss the term quality and explain how improving quality can lower costs and boost revenues.

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Economies of scale occur when the per-unit cost of production falls as a firm's output increases.How is this commonly achieved?

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